#USDJPY Bat and Gartley Patterns Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Mar 15, 2015 8:18 PM

@TradeYodha (TradeYodha.com)

#USDJPY Bat and Gartley Patterns

1. Bat Pattern in the zone
2. Gartley Pattern in the zone
3. Previous Structure
4. Harmonic Move
5. Confluence with 61.8 fib level in the zone
6. 200SMA reaching the zone
7. DXY (Dollar Index) is also due a retracement. See related idea. That should being USD to this zone for a Long Entry

I would love to hear your opinion, feel free to agree or disagree in your comments.

Comments

TradeYodha

⋅ Mar 18, 2015 10:45 PM

Update: Stopped out but was close enough

FullTimeTrader

⋅ Mar 15, 2015 11:59 PM

Agree, nice area for a rebound long, the zone is around the 120.000 price. We have a trendline also acting as support

TradeYodha

⋅ Mar 16, 2015 8:01 AM

Thanks FullTimeProTrader. :)